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Investment Highlights

  • Building exterior recently painted with a newly installed parking lot.
  • Convenient access to Interstate 244 and U.S. Route 64 for regional connectivity.
  • Located near retail and service amenities that support guest demand.
  • Established 40-room hospitality property on a 2.78-acre site in east Tulsa.
  • Includes 44 on-site parking spaces with exterior corridor design for guest convenience.

Executive Summary

This offering presents an established hospitality property positioned on a sizable 2.78-acre site in Tulsa, Oklahoma. Operating as Nights Stay Hotel, the two-story building encompasses 40 guest rooms and includes exterior corridor entrances for convenient vehicle-to-room access. The building exterior has recently been painted, and a new parking lot enhances the visual appeal and functionality for guests.
Located along South Garnett Road, the property benefits from close proximity to major thoroughfares, including quick links to Interstate 244 and U.S. Route 64, ensuring easy regional connectivity for transient guests and long-term travelers. The site also offers convenient access to local retail, dining, and service options, adding consumer conveniences that drive consistent room demand.
The parcel includes surface parking for approximately 44 vehicles with a ratio of 3.66 per 1,000 SF, enhancing operational efficiency for hotel guests. Zoned CS (Commercial Shopping), the property’s underlying zoning supports a range of commercial uses, creating potential for redevelopment or repositioning. Offered as an investment sale with business value included, this opportunity combines immediate operational income with longer-term upside in a growing Tulsa market.

Property Facts

Price $1,450,000
Price Per Room $36,250
Sale Type Investment
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.78 AC
Building Size 12,000 SF
No. Rooms 40
No. Stories 2
Year Built 1982
Parking Ratio 3.66/1,000 SF
Corridor Exterior
Zoning CS - Commercial Shopping

Amenities

  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 40 $44.00 -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 50138-94-05-36020
  • 50138-94-05-36010
Land Assessment
$17,368
Improvements Assessment
$181,708
Total Assessment
$199,076
  • Listing ID: 25515896

  • Date on Market: 4/20/2022

  • Last Updated:

  • Address: 1021 S Garnett Rd, Tulsa, OK 74128

Contact the Sale Advisor

Nights Stay Hotel | 1021 S Garnett Rd

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